Zynga Shows Record Revenue, Reduced Profit In Quarterly Filing

In a new SEC filing, social gaming giant Zynga reported record quarterly revenue of over $306 million for the period ending September 30, though profits for the company were actually down from the same time a year ago. The new highwater revenue mark is up 80 percent from the same period last year, but net profits were down nearly 54 percent year-over-year to $12.5 million. That profit mark is still an improvement from $1.3 million in profits Zynga showed for the quarter ending in June, a result that had put a bit of a damper on the company's planned stock IPO. Zynga specifically cited the third quarter launches of Adventure World and the Facebook version of Words with Friends in the improved revenue numbers. Zynga now reports 152 million unique monthly users across its games as of September 30, up from 151 million in June. The average number of those users playing any given day, however, dropped from 59 million to 54 million in the quarter. The company said it still relied on only 6.7 million unique paying customers for its revenue during the first 9 months of 2011. However, the company now derives only 59 percent of its revenue from its top three titles, down from 78 percent in 2010. There are now 2,789 Zynga employees across the company's studios.